Perspectives
PayPal, the third-party Internet payment platform of eBay, will terminate its year-old cooperation with AliExpress, the wholesale marketplace for small businesses launched by Alibaba.com. This online payment giant has announced that they will stop providing online payment services for AliExpress from August 3.
The departure of PayPal undoubtedly greatly impacts AliExpress’ business as well as their exploration in overseas markets. This leading online payment platform has been playing an important role in the business growth of AliExpress since the Alliance of Alibaba and eBay last year.